BetMGM Delays $500M EBITDA Goal, Cites Prediction Markets
BetMGM pushed its $500 million adjusted EBITDA target beyond 2027, citing prediction market regulatory complexity. Online sports net revenue was flat at $228 million while iGaming revenue rose 8% to $483 million. Second-quarter adjusted EBITDA fell 15% to $74 million even as net revenue rose 3% to $711 million. Average monthly active players fell 3% … Read more